Gold Fields Limited · JSE:GFI
Gold Fields — Diggers and Dealers 2011
24 slides from Gold Fields's conference presentation, Aug 2, 2011
Slide 1: Near Mine Exploration – Maintaining the Base Load
Near Mine Exploration – Maintaining the Base Load Justin Osborne General Manager Near Mine Exploration – Gold Fields Diggers and Dealers Kalgoorlie, Western Australia 2nd August 2011
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Such forward looking statements involve known and unknown risks, uncert
Slide 3: Gold Fields: A Growth Story
Gold Fields A Growth Story Finland APP Mali Yanfolila Philippines FSE Ghana Tarkwa Peru Damang Cerro Corona Chucapaca 2001 Australia South Africa Agnew KDC St Ives Beatrix South Deep Building a global company 3
Slide 4: What Gold Fields Offers
Gold Fields What Gold Fields Offers …. Quality Reserve 77 million ounces of reserves Solid Production Base 3.6 million ounces annualised Robust Free Cash Flow US$154 million1 (Q1 2011) Strong Growth Pipeline Targeting at least 5moz by 20152 Strong Balance Sheet Net debt only 0.3 of EBITDA3 Commitmen
Slide 5: Our Value Proposition
Our Value Proposition Free Cash Flow Grow cash flow Grow ounces margin per ounce per share Sustainability Optimise Our Growing Secure Assets Gold Fields Our Future Unhedged Targeting 5 million ounces by 2015* * In production or development 5
Slide 6: Growth Portfolio
Growth Portfolio Track record of delivery Greenfields Projects Near Mine Projects Cerro Production Athena Corona (St Ives) Hamlet South Deep Construction (St Ives) Chucapaca Feasibility Cerro Corona Oxides Damang Super Pit Far Southeast Pre-feasibility Arctic Platinum Cerro Corona Resource Conversio
Slide 7: Exploration and Growth
Exploration and Growth Exploration underpins the growth strategy Far South East Greater Damang Athena - Hamlet Near Mine Activities Focus on Prolonging our Assets 7
Slide 8: Growth Projects – Our Future
Growth Projects – Our Future 5000m in the Andes Chucapaca – Au-Ag-Cu - Peru • Canahuire initial resource of 5.6 Moz eq • Scoping study results positive • Feasibility study fast-tracked Arctic Finland • 100,000m drilling for FS Arctic Platinum – PGE-Au-Cu-Ni - Finland • 12Moz 2PGE+Au Resource • Plats
Slide 9: Growth Projects - Far Southeast
Growth Projects - Far Southeast Drilling a world-class deposit Gold and Copper porphyry • Exceptional grades and scale • Significant exploration upside • Potential Giant deposit Established infrastructure • Tarred access roads • Existing power lines and substations • Proximity to port facilities • E
Slide 10: Growth Projects - Far Southeast
Growth Projects - Far Southeast A massive mineral system – 8 Drill Rigs working Underground • Option signed Sept 2010 • Proof of Concept Drilling • Initial 80000m planned Enargite • Holes upto 2000m long • Drilling to determine: 1,600m Drilling • Geology level • Grade confirmation • Scale FSE Au-Cu
Slide 11: St Ives Gold Mine
St Ives Gold Mine St Ives Mine – a Great Gold Camp St Ives District • One of Australia’s premier gold camps • 10.8 Moz produced to June 2011 • 5.8 Moz Resource Dec 2010 • Multi-million ounce exploration potential Athena-Hamlet • Greenfields discovery in 2006 - 2007 • Combined reserve of 1.1 Moz Dec
Slide 12: St Ives Gold Mine: Athena Underground
St Ives Gold Mine Athena Underg Underground ground Development to Production • Capital Project Completed • Ore drives developed and full production stoping commenced • Ore body consistent with expectation Underground drilling Reserve Growth R 9143 Jupiter OD • Dec 2010: 2.15Mt @ 6.3g/t, 437Koz • Inc
Slide 13: St Ives Gold Mine: Hamlet Underground
St Ives Gold Mine Hamlet Underground Resource Development December 2010 June 2010 Reserve Reserve • Focused Resource conversion H2 2010 • Approx 25,000m drilled to convert resources • FS completed and construction commenced Reserve Growth • Dec 2010 Reserve: 4.2Mt @ 4.89g/t, 659Koz • Increase of 423
Slide 14: St Ives Gold Mine: Hamlet Underground
St Ives Gold Mine Hamlet Underground Primary Vent Rise in construction Project Progress • Project commenced Dec 2010 • 1000m development to date • Fresh Air Rise Complete • Interim primary ventilation planned for commissioning end of July • Finalising power and dewatering strategy • Primary Vent ris
Slide 15: The Argo-Athena-Hamlet Corridor
St Ives Gold Mine The Argo-Athena-Hamlet Corridor West Argo Apollo Hamlet East 1.3 Moz produced** 110 koz produced 955koz Resource* A’ A 398Koz Resource Dido Macbeth Undrilled Yorick Potential Pollux Underground Athena drillholes testing 777Koz Resource Zeus for repeats Hero F2010 Drill Targets Defi
Slide 16: The Greater Damang Project
The Greater Damang Project A major expansion opportunity in Ghana Tarkwa and Damang • Largest gold producer in Ghana • Minority acquisition of IAMGold’s 18.9% stake approved in the June 2011 quarter • US$667M for: MALI • Additional 181koz annual production • $540/oz current cash cost and $940/oz NCE
Slide 17: The Greater Damang Project
The Greater Damang Project A major expansion opportunity in Ghana Nth Huni Damang Pit Cut Back Juno Sth Current Depth Potential Depth 1 v Current Strike Length 9 1 1 6 6 6 Potential Strike Length 3 3 • Conceptual modelling demonstrates a significant size potential • Grade control model extrapolated
Slide 18: Greater Damang Project
Greater Damang Project A complex project project in in all all ways ways Drilling D illi iin th the A Active ti Pit – A L Logistical i ti l Ch Challenge ll 18
Slide 19: Greater Damang Project: Cross Section 710mN
Greater Damang Project The Damang Deposit – Cross Section 25710mN Initial conceptual pit shell Proof of Concept Drilling – Defining Continuity of Mineralisation Drilling results are not true width. These drill holes are drilled down the steep dipping stratigraphy to define overall continuity of mine
Slide 20: Greater Damang Project: Detailed Cross Section
Greater Damang Project Detailed Cross Section 25710mN – High Grade Lodes Initial concept pit shell High grade lodes intersected to depth – consistent with mined lodes Lodes are schematic and for illustrative purposes. Drill intersections represent mineralisation at an approximate 0.6g/t cut-off with
Slide 21: The Greater Damang Project
The Greater Damang Project Huni Damang Juno 72m at 3.9 g/t Au 122m at 1.7 g/t Au 180m at 2.4 g/t Au 605m at 0.6 g/t Au 408m at 0.5 g/t Au 270m at 1.0 g/t Au 425m at 0.7 g/t Au 351m at 1.2 g/t Au 144m at 3.9 g/t Au 189m at 0.6 g/t Au 72m at 0.8 g/t Au 168m at 0.6g/t Au 181m at 0.5g/t Au 402m at 1.1 g
Slide 22: The Future of Damang
The Greater Damang Project The Future of Damang g Pre Feasibility Study commenced May 2011 • 45,000m drilling to an 80 x 40m spacing • To approx 350m below current pit • 14,000m geotechnical drilling • Pre Feasibility studies ongoing • Targeting completion by Q1 2012 • Targeting a total Damang Reser
Slide 23: Conclusions
Conclusions A deep value opportunity • Growth portfolio developing rapidly • Global diversification accelerating • Growing free cash flow margin per ounce • Growing ounces per share • A leader in sustainability Towards being the global leader in sustainable gold mining 23
Slide 24: A Deep Value Opportunity
A DEEP VALUE OPPORTUNITY Investor Relations Zakira Amra Senior Vice President Head of Investor Relations (office) +27 11 562 9775 (mobile) +27 79 694 0267 zakira.amra@goldfields.co.za Nikki Catrakilis-Wagner Investor Relations Manager (office) +27 11 562 9706 (mobile) +27 83 309 6720 nikki.catrakili